Time to get morbid.
Your policy includes life insurance under your name. In the event of your death we will need to have a beneficiary or beneficiaries designated.
If you intend for some or all of your death benefit to go to specific individuals, it is important to make sure that you plan ahead and select those beneficiaries. Having an up-to-date beneficiary designation will make this possible by listing your primary and contingent beneficiaries and intended allocations.